European Economics Preview: German Producer Prices Due, BoE Governor To Testify

Tuesday is set to remain busy in Europe on the economics front with producer prices data due from Germany and the Bank of England policymakers including its Governor set to testify before lawmakers.

At 02 am ET, Germany's Federal Statistical Office is set to release the producer price data for October. Producer prices are expected to climb 0.3 percent month-on-month following a 0.5 percent increase in September. Producer price inflation is forecast to rise to 3.3 percent from 3.2 percent.

Bank of England policymakers including Governor Mark Carney is set appear for a Treasury Select Committee hearing at 05 am ET. The bank's chief economist Andrew Haldane, policymakers Jon Cunliffe and Michael Saunders are the others scheduled to testify. In other news, Statistics Finland is expected to publish the jobless rate data at 02 am ET. The unemployment rate was 6.30 percent in September.

Foreign trade data for October are expected from Switzerland at 02 am ET. In October, exports decreased 0.8 percent and imports dropped 0.4 percent. Watch exports figures are also due at the same time. In September, they fell 6.9 percent.

UK's industry lobby, the CBI, is set to publish the results of its industrial survey at 6 am ET. The order balance is expected to improve to -5 from -6.

Industrial production and producer prices data for October are due from Poland at 3 am ET.

The Hungarian central bank is set to announce its latest policy decision at 07 am ET. The bank is widely expected to leave its key rate unchanged at 0.90 percent.

Retail sales, unemployment, jobless figures are due for Russia at 8 am ET.

The National Bank of Belgium is scheduled to report the consumer confidence data for November at 9 am ET. The reading was 1 in October.